EGLD remains the backbone of MultiversX with the largest market cap and network role.
DeFi tokens like HTM and MEX highlight rising demand for lending and trading activity.
Smaller tokens like FOXSY and TADA drive community projects and niche innovation.
The MultiversX network, previously recognized as Elrond, has been shaping its role in the crypto space with an emphasis on speed, low transaction costs, and scalable solutions. As the ecosystem expands, several coins have emerged as leaders by market capitalization.
The Top MultiversX Ecosystem Coins are gaining attention from global investors. These tokens highlight where investor interest and capital are most concentrated within the MultiversX ecosystem.
Market Cap: ~ $400 million
EGLD is the main coin of the MultiversX ecosystem. It powers everything on the network. It’s used for paying fees, staking, and governance. With a market capitalization of nearly $400 million, EGLD is by far the leader. Without EGLD, nothing in the ecosystem can really move. Investors often view it as the safest choice in this space because it serves as the backbone of the chain.
Market Cap: ~ $17.97 million
UTK is linked to xMoney, a payments platform aiming to make digital payments faster and easier. With a market cap of around $18-20 million, UTK is the second-biggest coin in the ecosystem. It has gained attention because it focuses on real-world applications, such as making cryptocurrency useful in everyday spending. This keeps it relevant in a space where many tokens are just for trading.
Market Cap: ~ $3.42 million
Wrapped EGLD (WEGLD) is basically EGLD in another form. It enables the main coin to work better with specific apps or across multiple chains. Although its market cap is significantly smaller, it plays a crucial role in DeFi. WEGLD demonstrates how projects are striving to make the ecosystem more flexible and interconnected with the broader crypto market.
Market Cap: ~ $4.18 million
FOXSY is a newer coin that has started to get attention. With a market cap of just a few million dollars, it is nowhere near EGLD, but it has managed to carve out space thanks to its role in community-driven projects. Small coins like this show how people are experimenting inside the MultiversX network. FOXSY’s growth shows that even niche tokens can find an audience.
Also Read: Best Ethereum Ecosystem Coins by Market Cap in 2025
Beyond the bigger names, other coins are gaining traction because of the roles they play in DeFi and network growth:
Hatom (HTM): Built around lending, borrowing, and staking.
MEX: Token for xExchange, a decentralized trading platform.
Ta-da (TADA): Connected with new app-based services.
Emorya (EMR): Focused on finance tools in the ecosystem.
These coins may have smaller market caps, but they matter because they drive activity like lending, trading, and liquidity. They are the tools that keep DeFi alive on MultiversX.
EGLD’s dominance: EGLD is far ahead of every other token. It indicates that the base coin remains the center of gravity for the ecosystem.
DeFi tokens rising: Coins like HTM and MEX highlight how much DeFi matters. Borrowing, lending, and trading are the primary areas attracting users.
Stablecoins matter: New stablecoins like USH are starting to grow, showing that people want more reliable assets on the chain.
Small but significant coins: Tokens like FOXSY and TADA may not have big market caps, but they push community projects and innovation.
The future of MultiversX is closely tied to the performance of its key tokens in practical use. Stablecoins may encourage adoption by providing reliability, while DeFi tokens could expand as lending and trading platforms attract more users. Smaller tokens will either develop into stronger players or lose relevance if attention declines.
EGLD remains the dominant force by a wide margin, yet the presence of other coins reflects the ecosystem’s direction toward payments, DeFi, stablecoins, and community-led initiatives. These areas are expected to determine which tokens increase in market capitalization and which remain minor.